Ep: 47: How to Monetize Your Passion | The First Year Out Podcast

Explicit content warning

09/09/20 • 18 min

We're off to a late start with episode #047 of The First Year Out Podcast so, Dyme Witherspoon decided to repurpose a recent seminar on how to monetize your passion as creative or #CreativesInBusiness. One of the few of the key pillars to monetizing your passion includes knowing who you are as a person (04:11). Without knowing who you are it will be nearly impossible to sell someone on a solution that you are offering. Next, we as directors, editors, fashion designers, etc. must be able to speak specifically to the solution that we are offering to our clients, consumers, and customers (08:26). Lastly, to build a career or business around your passion you have to build relationships by first understanding WHO you're speaking to and then speaking their language (10:39). The First Year Out Podcast was produced by DymeDigital Media. #Veteran and start up founder Dyme Witherspoon kick back to talk #entrepreneurship, monetizing your passion, and ultimately being a #CreativeInBusiness. STAY CONNECTED firstyearoutpodcast.com dymedigital.com/ Email: [email protected] Instagram: instagram.com/firstyearoutpodcast iTunes: podcasts.apple.com/us/podcast/the-...lc/id1488416382 Spotify: open.spotify.com/show/7ExIBvbijxycvdPd1fNnMt Soundcloud: @firstyearoutpodcast Follow Dyme Witherspoon instagram.com/dymedigitalmedia instagram.com/dymedigital

Previous Episode

Ep: 46: How to Legally Start a Business | The First Year Out Podcast

It can be daunting when deciding to take those first steps into starting and legalizing your business. As a result, in episode #046 of The First Year Out Podcast, Dyme Witherspoon simplifies that process for new business owners, entrepreneurs, and #CreativesInBusiness such as directors, editors, videographers, graphics designers etc and breaks the process down into 3 separate pillars. Before anyone can launch a business of any kind there must first be a proven solution! A proven solution means that a particular problem has been identified, solved, and a repeatable process exist for others facing a similar situations (00:54). After you've tested and know that you have something that'll work long term, you can begin making your presence known by branding yourself across both digital and physical spaces such as social media and at networking events (02:50). The last step which also can be intertwined with establishing your presence has to do with legal. Legal isn't as overwhelming as it sounds: this is simply where you set a legal structure such as LLC or SCorp to add a layer of protection between your personal and your business assets, this is where you'll separate your personal funds from your business funds by using a dedicated banks account, this is also where you'll set up how you'll make and receive payments (06:52). Now while this may seem extensive, once broken down into sections it is nothing that is too complicated. The First Year Out Podcast was produced by DymeDigital Media. #Veteran and start up founder Dyme Witherspoon kick back to talk #entrepreneurship, monetizing your passion, and ultimately being a #CreativeInBusiness. STAY CONNECTED firstyearoutpodcast.com dymedigital.com/ Email: [email protected] Instagram: instagram.com/firstyearoutpodcast iTunes: podcasts.apple.com/us/podcast/the-...lc/id1488416382 Spotify: open.spotify.com/show/7ExIBvbijxycvdPd1fNnMt Soundcloud: @firstyearoutpodcast Follow Dyme Witherspoon instagram.com/dymedigitalmedia instagram.com/dymedigital

Next Episode

Ep: 48: Joe Budden, Spotify, and Why Should You Care | The First Year Out Podcast

There has been a lot of talk about Joe Budden, his podcast and their non-deal with Spotify. While there is a lot that can be said, and even a trend that can be pointed out over the course of history-- specifically corporations and their treatment of Black creatives and people in general. However, episode #048 of the First Year Out Podcast will focus primarily on the details that are known about the initial deal between the Joe Budden Podcast and Spotify (01:50), why we should care and what it means for us as creatives (06:18), and lastly host Dyme Witherspoon gives an anecdote about a time where she had to turn down a gig because of a dispute over ownership (13:20). The First Year Out Podcast was produced by DymeDigital Media. #Veteran and start up founder Dyme Witherspoon kick back to talk #entrepreneurship, monetizing your passion, and ultimately being a #CreativeInBusiness. STAY CONNECTED firstyearoutpodcast.com dymedigital.com/ Email: [email protected] Instagram: instagram.com/firstyearoutpodcast iTunes: podcasts.apple.com/us/podcast/the-...lc/id1488416382 Spotify: open.spotify.com/show/7ExIBvbijxycvdPd1fNnMt Soundcloud: @firstyearoutpodcast Follow Dyme Witherspoon instagram.com/dymedigitalmedia instagram.com/dymedigital